603 18th Street, Tuscaloosa, AL 35401
For Sale
$215,000
The property is located near the University of Alabama campus in Tuscaloosa.
Property Size1,100 SF
Price / SF$195.45
Days on Market209
Property Features for 603 18th Street
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Listing Agency:
Keller Williams Tuscaloosa
Listed By:
Edwin Odems · License AL #118552191
(601) 618-4474
Source:
Rightspacecre
Added: Apr 15
Changed: Oct 31
Last Checked: Nov 8 at 10:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Tuscaloosa
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex is located at 603 18th Street in Tuscaloosa, Alabama. The University of Alabama campus is nearby, with dining and shopping also described as close to the property.
Key Highlights
- Near the University of Alabama campus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,935
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,700
$198.7K
Cap Rate 7%
$141,929
$141.9K
Cap Rate 9%
$110,389
$110.4K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$15.2K $13.80/SF
− Vacancy
−$987 −$0.90/SF
EGI
$14.2K $12.90/SF
− OpEx
−$4.3K −$3.87/SF
NOI
$9.9K $9.03/SF
Area
Tuscaloosa, AL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,700
Cap Rate 7%
$141,929
Cap Rate 9%
$110,389
Alternative Uses
Best Use
Multifamily LT 5
$141.9K
$124.2K – $165.6K
NOI $9,935 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$127.4K
$111.5K – $148.7K
NOI $8,921 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$264.3K
$231.3K – $308.4K
NOI $18,504 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 35401, AL
41,852
Population
19,517
Households
2.1
Avg Household Size
26
Median Age
27%
College-Educated
85%
High-School Grad
40.1 sq mi
ZIP Area
1,044
Density / Sq Mi
$30,031
Median Household Income
$13,041
Median Earnings
$911
Median Rent
$141,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Tuscaloosa County, AL
Properties on Market for Duplexes in Tuscaloosa County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property is located near the University of Alabama campus in Tuscaloosa.
Where is this duplex located?
The property is located at 603 18th Street Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Near the University of Alabama campus
